High-precision tool to determine when to call bonds

The refunding bond can be callable and of arbitrary maturity. Allows users to differentiate between volatilities for the outstanding and refunding bonds. Also accounts for the impact of future issuance fees on the option value.

Analysis of retail bonds with survivor's option

Survivor's Option Analyzer™ determines the true cost of borrowing for institutions. It incorporates fees and options, including the estate put, and allows for apples-to-apples comparison with institutional deals.